Guerrazzi, Marco; Meccheri, Nicola - In: Journal of Behavioral and Experimental Economics … 41 (2012) 2, pp. 189-197
theoretical approaches that have aimed to provide sound micro-foundations to the presence of unemployment in market economies. We … unemployment grounded on wage rigidity. Moreover, we analyse some theoretical and empirical issues that cast doubt on the ability … to deal with unemployment, disentangling the role of institutional rigidities from that of wage stickiness. …